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The History and Value of the 1921 United States Peace Dollar
A Symbol of Peace, the 1921 Peace Dollar
Prologue
The American Peace Dollar issued in 1921 is a commemorative silver coin symbolizing peace after the First World War. Due to its outstanding design and limited mintage, this coin is very popular among collectors. The beautiful design by designer Antonio de Francisci, in particular, captivates many coin enthusiasts. Influenced by the political and economic background of the era and its unique manufacturing process, the Peace Dollar has maintained a high value throughout its history. This article provides a detailed explanation of its rarity, investment value, and specific market trends.
At a Glance
- Country
- United States
- Year
- 1921
- Denomination
- 1 Dollar
- Designer
- Antonio de Francisci
- Diameter
- 38.1 mm
- Weight
- 26.73 g
- Fineness
- .900 silver
- Grade
- NGC MS65
- Mintage
- 1,006,473
- Condition
- MS
History, Background, and Circumstances of Issue
Historical Background of Issue
The 1921 Peace Dollar was issued to commemorate the peace following World War I. As a symbol of recovery from the devastation of the war, it is a coin that holds special meaning for people.
Political and Economic Context of the Time
In the era of turmoil and recovery after World War I, America issued this coin as a symbol of peace. It also served to display the nation's economic prosperity.
Mintage and Circulation
The mintage for the 1921 Peace Dollar was 1,006,473 pieces. This limited number of coins issued further enhances its rarity.
Design, Mintage, and Technical Details
Obverse and Reverse Design
This coin, designed by Antonio de Francisci, features the face of the Goddess of Liberty and an image of a falcon holding an olive branch.
Production and Mint
The coin was produced using the highest technology, resulting in a high-quality finish. The Philadelphia Mint was principally responsible for its production.
Metal Composition and Physical Specifications
This coin is composed of 900/1000 silver. With a diameter of 38.1mm and a weight of 26.73g, it is a large coin with a substantial feel.
Rarity, Grading, and Market Evaluation
Surviving Population and Rarity
Due to a limited mintage and losses over time, Peace Dollars in excellent condition are extremely rare.
NGC and PCGS Grading Trends
Most examples graded by NGC or PCGS are in high grades; however, due to the coin's scarcity, those graded MS65 or higher are considered especially rare.
Auction Performance and Price Range
In recent auctions, high-grade Peace Dollars in particular have been selling for high prices, and their value has been rising year after year.
The Collector and Investor Perspective
Collecting Strategies
When collecting Peace Dollars, it is important to confirm the coin's condition and authenticity. In particular, it is advisable to seek out examples in MS grades or higher.
Investment and Asset Value
As its market price has been rising steadily, this is a coin that can be expected to have long-term investment value.
Authentication, Storage, and Acquisition Methods
Identifying Counterfeits and Alterations
Counterfeits often lack precision, so a detailed examination of the rim and inscriptions is required.
Storage and Maintenance
To store the coin properly, we recommend avoiding moisture as well as using a dedicated preservation case.
Value & Rarity
In recent auctions, the market value of the 1921 Peace Dollar has soared due to its rarity. For high-grade examples of MS65 or better, transactions from several hundred thousand yen to over one million yen are not uncommon. This coin attracts collector interest due to its historical significance and beautiful design, and in recent years, an imbalance between supply and demand has driven prices up. High-grade specimens certified by NGC or PCGS are particularly scarce, and their value makes them a cornerstone of any collection. Furthermore, even in the recent economic climate, its value has remained stable and highly regarded, making it a promising long-term investment.
In Summary
The 1921 Peace Dollar is a silver coin beloved by many collectors for its historical background and beautiful design. Owning this coin symbolizes peace after the First World War, and its value is carried on along with its historical significance. For collectors and investors, its rarity and continued market interest make it a must-have masterpiece.
Where this coin sits
Modern United States 1921
Struck in the same age
Sources & Verification
- Research
- GNJ Numismatic Research Desk
- Last updated
- 3 September 2026
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